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Pitkin County OKs $6.8 million to buy Twin Lakes and Fountain Mutual water shares to bolster Roaring Fork flows
Summary
Pitkin County approved a $6.835 million appropriation from its Healthy Rivers & Streams Fund and authorized a contract to buy 60 Twin Lakes Reservoir & Canal Co. shares and 34 Fountain Mutual Irrigation Co. shares, aiming to keep water on the Western Slope and support river flows.
Pitkin County moved to secure water for the Roaring Fork River on Feb. 11, approving a $6,835,000 appropriation from the voter-approved Healthy Rivers & Streams Fund and authorizing staff to execute a purchase agreement for a package of water shares.
County finance staff told the Board of County Commissioners the appropriation is necessary under Colorado statute before entering a contract. The planned purchase is a package deal for 60 shares in the Twin Lakes Reservoir and Canal Company and 34 shares in the Fountain Mutual Irrigation Company, with a scheduled closing of April 2, 2026, under terms negotiated…
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